VARD strengthens position in North America with strategic acquisition

Vard Holdings Limited (VARD) has further strengthened its position in North America, with the strategic acquisition of a leading marine engineering and design company with more than 30 years history in North America for approximately NOK 65 million.

CEO and Executive Director of VARD, Roy Reite commented, “Through this acquisition VARD is really able to accelerate its growth strategy in North America, and we can rapidly strengthen our presence, capabilities and client relations in this important market. We are excited about the opportunities this generates for VARD and welcome the new clients, business partners and employees to VARD.”

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